• 5 Facts About Bitcoin You May Not Know 5 Facts About Bitcoin You May Not Know
  • Crypto Firms Serving Netherlands Must Register With Dutch Central Bank Crypto Firms Serving Netherlands Must Register With Dutch Central Bank
  • Bitcoin Price Surges 7% Overnight, Hitting 70% Dominance Over Altcoins Bitcoin Price Surges 7% Overnight, Hitting 70% Dominance Over Altcoins

Blockchain Topics Attention on hotspots of blockchain development

  • 置顶 Germany’s Largest Bank Joins JPMorgan’s Blockchain Network

    Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN). Two years in operation Launched as a pilot in 2017, the JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform to swap global payments data using the Ethereum network, the Financial Times reported on Sept. 15. Takis Georgakopoulos, head of payments at JPMorgan, expressed hope that Deutsche Bank will be the first of several other large banks to join IIN. According to the report, Deutsche Bank is the world’s biggest clearer of euro-denominated payments. IIN will enable Deutsche Bank to offer better client services, according to the bank’s global head of cash management Ole Matthiessen. Matthiessen, who occupied the position in March 2019, explained that the bank expects IIN to reduce the cost of processing difficult payments. 400-member target by year’s end The IIN network is based on the JPMorgan-developed Quorum platform and intends to tackle the major challenges of sharing information between banks and speed up transactions to recipients. Quorum is based on the Ethereum blockchain, which was…

    Sep 16, 2019
  • Bitcoin price will hit $200k in cycles: Bobby Lee

    China’s cryptocurrency exchange’s founder, Bobby Lee, has expressed that the Bitcoin price will likely hit two hundred thousand dollars ($200K), albeit in cycles. He believes that Bitcoin price would be experiencing what he called “boom-and-bust days” and crypto assets would make their way to mark. Would the Bitcoin price hit $200k? Crypto enthusiasts have always believed that someday Bitcoin price would be worth the trouble and Bitcoin would turn into a fortune. Previously, various analysts have provided with their predictions; some gave long-term predictions, and some gave short term predictions. Bobby Lee has also joined this league of enthusiastic analysts. He reportedly stated that people should not have felt doom-and-gloom as there is more to come. He further stated that many cycles are to come, and any cycle could take the price of Bitcoin to unprecedented heights. He seemed confident about his claim that in a short period, the Bitcoin investment could exceed twenty thousand dollars to fifty thousand dollars ($20,000 – $50,000). He believes that the Bitcoin price would then move to a hundred thousand dollars ($100,000) and even…

    Sep 16, 2019
  • Bitcoin Lightning Network vulnerability poses risk to scaling

    Lightning Labs has reportedly confirmed the existence and exploitation of Bitcoin Lightning Network vulnerability. The peer-to-peer payment network is responsible for providing low-priced and quick Bitcoin payments, but due to this bug incident, it might not be prepared for huge payments. A well-known Blockstream developer Rusty Russell in August exposed the bug on the mailing list. Russell revealed the bug’s details partially, stating that some security issues have been found in several lightning projects and these issues might lead to loss of money. What is the Bitcoin Lightning Network vulnerability? The complete specifications of vulnerability are likely to be released by the end of this month, giving the users almost four weeks for up-gradation to a secure version of the software. However, this precaution is quite late. Lightning Labs also warned its users that Lightning Network is still in its initial stages. Please upgrade to the latest versions, as they are not at risk. These are: • lnd 0.7.1 • c-lightning 0.7.1 • eclair 0.3.1 — Lightning Labs (@lightning) September 10, 2019 Who is at risk of Bitcoin Lightning Network…

    Sep 16, 2019
  • Key Technical Indicator Signals Bitcoin is Gearing Up for a Big Move

    After inching higher yesterday, Bitcoin faced a somewhat strong rejection at just above $10,400, which has brought the cryptocurrency down towards its next key support level at $10,000. A failure for bulls to hold this level could mark a short-term trend shift that sends BTC significantly lower. It is now important to note that one key technical indicator is pointing to the possibility that Bitcoin is gearing up for a massive movement, which means that the direction it will trend for the last several months of 2019 could soon grow increasingly clear. Bitcoin Inches Lower After Facing Rejection at $10,400  At the time of writing, Bitcoin is trading down nominally at its current price of $10,330, which marks a slight drop from its 24-hour highs of nearly $10,500. Bitcoin’s rejection at this price level signals an underlying weakness for the crypto’s bulls, as they were not able to advance the crypto’s price to its heaviest near-term resistance level at $10,800. Chonis Trading, a popular crypto analyst on Twitter, explained in a recent tweet that one indicator is pointing to the…

    Sep 16, 2019
  • Bitcoin mining difficulty is increasing with hashrate in 2019

    Bitcoin mining difficulty is directly proportional to the hashrate, or so it the popular theory. The next halving event is scheduled for April 2020 owing to the increased hashrate. The year 2020 will be marked as a vital milestone in Bitcoin (BTC) history as it reaches its third (3rd) halving. The halving is preceded by a very ensuing year, 2019, consisting of varying market trends for Bitcoin. The year, 2019 commenced with a bullish trend for the king of cryptocurrency, whereas the entire stock market experienced an extremely bearish wind. This bullish trend helped maintain the stability of the cryptocurrency. While Bitcoin peaked at thirteen thousand and eight hundred dollars ($13,800) on 26th June 2019. The second half of 2019, however, is devoted to speculating the next bullish trend or next peak of the cryptocurrency. Bitcoin mining difficulty: What to expect? Prior to its third halving, however, various reports including that of Token Insight say that the mining of Bitcoin blocks is to become increasingly difficult up till the halving itself. According to the reports, the mining equipment ordered by…

    Sep 16, 2019
  • US Treasury Announces Sanctions Targeting North Korean Cyber Attack Groups

    On Friday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions against three North Korean cyber groups believed to be responsible for cyber-attacks on financial institutions, cryptocurrency exchanges, and other critical infrastructure. In a press release announcing the news, Treasury identified the three state-sponsored hacking groups as Lazarus Group, Bluenoroff, and Andariel, and named them as “agencies, instrumentalities, or controlled entities of the Government of North Korea.” The U.S. claims that all three are controlled by North Korea’s main intelligence agency, The Reconnaissance General Bureau, or RGB. Lazarus Group is the most well-known North Korean cyber group, and has been implicated in attacks on government, military, manufacturing, shipping, media, and other critical targets around the world. The group has reportedly used tactics ranging from cyber espionage and data theft to ransomware and other monetary heists. Lazarus was credited with the 2017 WannaCry 2.0 ransomware attacks that impacted more than 150 nations around the world. According to Treasury, the Bluenoroff group is a subgroup of Lazarus specifically created by the North Korean government to…

    Sep 16, 2019
  • Analyst Says More People Will Buy Bitcoin as Equity Markets Climb

    Bitcoin’s price action has grown stagnate in the lower-$10,000 region over the past several days, which has proven to be a positive thing for multiple major altcoins, as they were able to post large gains yesterday with Ethereum leading the way. Now, one analyst and a prominent Bitcoin bull is explaining that he believes BTC will continue to range sideways until the global economy sets a clear trend, which he claims will be defined by a decisive movement in the equities markets. Bitcoin Stagnates Around $10,000  At the time of writing, Bitcoin is trading down marginally at its current price of $10,320, which comes about after it faced a slight rejection around the $10,400 level yesterday. BTC’s inability to move up towards its major resistance level at $10,800 signals that bulls may be growing increasingly weak, but its near-term trend will not become abundantly bearish unless it decisively breaks below $10,000. As for why Bitcoin’s price action has stalled as of late, Tom Lee, the co-founder of Fundstrat Global Advisors and a notable Bitcoin bull, explained in a recent interview…

    Sep 15, 2019
  • Central Banks to Meet With Libra Founders in Switzerland on Monday

    Officials from the European Central Bank (ECB) and 25 global central banks will meet with Libra to assess the financial stability risks of the project.

    Sep 15, 2019
  • Bitcoin (BTC) Rally Towards $11,000 Still Possible But Not Very Probable

    Bitcoin (BTC) recently invalidated a descending triangle and has now turned it into an ascending triangle. This is not something we get to see often but if you focus on the play here, this is not surprising at all. Trading is more about psychology than it is about drawling lines and patterns on a chart. There are a lot of traders who can draw good lines and patterns but they can’t make profitable trades. The reason that does not work is because if you can draw pretty lines and patterns, you are the market maker’s favorite victim. They will play with your mind to keep invalidating certain lines and patterns till you reach the conclusion that technical analysis does not work. I am by no means understating the significance of lines and patterns on a chart. I’m saying that you can find most of them for free on the internet. You don’t even have to draw them yourself. To a lot of people, technical analysis is about charting which is the wrong approach. We need to focus more on the…

    Sep 15, 2019
  • Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader – CCN.com

    Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte The next bitcoin bull market is only getting started, analyst claims. | Source: Shutterstock Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Trade Tosser Tweet | Source: Twitter While a quick short might be profitable now, one trader believes that the rally from $3,000 to almost $14,000 is nothing but a warm-up. According to an analyst, all four BTC bull runs were massive local bubbles. In his humble opinion, bitcoin is the future. Analyst: Every Bitcoin Bull Run ‘Has an Order of Magnitude’ If you look at the history of every bitcoin bull run, you’d see that every run skyrocketed by a minimum of over 340% from the previous bull cycle top. Date Bull Market Top Percentage Change April 2011 $0.80 N/A April 2013 $259.34 32,317.5 percent November 2013 $1,163 348.85 percent December…

    Sep 15, 2019
  • NBA Player Spencer Dinwiddie Tokenizes Contract with Blockchain

    Professional basketball player for the Brooklyn Nets Spencer Dinwiddie has opted to turn his National Basketball Association (NBA) contract into a tokenized bond. Investors will be able to invest in the security and earn interest based on Dinwiddie’s performance on the field of play, reports The Athletic on September 12, 2019. Crypto on the Courts Per sources close to the matter, Spencer Dinwiddie has caught the crypto fever and is now looking to launch own blockchain-based digital asset. Reportedly. Dinwiddie is signing a new three-year contract extension worth $34.36 million with Brooklyn Nets and has opted to convert his NBA contract into a digital investment. Notably, the securitization of  Dinwiddie’s NBA contract will enable him to get a significant upfront payment that would enable him to issue tokens to investors who will, in turn, earn interest on the cryptoasset. Risks and Grey Areas Further reports revealed that Dinwiddie has a player option which is worth $12.3 million in 2021; however, there are uncertainties on how it will impact on token holders if he opts out of the deal and earns…

    Sep 15, 2019
  • ETH Privacy Startup Aztec ‘Ignites’ Its SNARKs Generation Ceremony

    Ethereum (ETH) privacy startup Aztec announced the launch of its zero-knowledge succinct non-Interactive argument of knowledge (SNARKs) generation via a cryptographic ceremony called Ignition. In a press release shared with Cointelegraph on Sept. 15 the startup also announced the closing of its latest round of investment with participation from A.Capital, Coinbase and Libertus Capital. A cryptographic ceremony Per the release, the multi-party computation ceremony is meant “to generate a set of encrypted points which will be used to derive all future Aztec notes.” The process will build an open source “reference string” that the company believes will be used by both Aztec and future cryptosystems. Notably, the data generated will include so-called SNARKs: “These include universal SNARKs, which will enable an almost limitless range of uses – from fully decentralised private banking to anonymous voting systems.” ZK-SNARKs Zero-knowledge SNARKs allow to prove that a piece of information is true without revealing anything about it. That being said, a major disadvantage is that SNARKs’ security depends on the secrecy of a seed — a huge, randomly generated number. If a person…

    Sep 15, 2019
  • Is a Bitcoin explosion up next?

    ECB cuts interest rates in an attempt to save fiat from certain doom. But is this step necessary? Saving fiat is a key priority for the European Union’s Central bank even if it means sinking the interest rates below zero (0). The monetary body overseeing the Euro has the interest rates cut by 10 BSP and so the numbers went from 0.1% to -0.5%. The central bank aims to buy bonds and other financial assets worth twenty-two billion Euros (€22B) in bonds and other (tangible) assets while having the press mint more fiat that doesn’t yet exist- quantitative easing (QE)- so that economic stability isn’t threatened. Bitcoin unsurprisingly is certainly not on the list of monetary assets. ECB cuts interest rates? Why? This is a direct result of President Trump calling in the Federal reserves to cut down the monetary rates to zero (0) or less. Negative rates aren’t a far-fetched ideology anymore and the former chairman of the monetary authority, Alan Greenspan saw this coming. He, however, had predicted the monetary rates to drop into the negative zone for the…

    Sep 15, 2019
  • Bitcoin Price Hits $12,000 on Kraken Following Order Matching Glitch

    Crypto trading service Kraken has revealed the reason for the abnormal Bitcoin price on its platform was due to an order matching bug. Abnormal Bitcoin Price Spread on Kraken On Saturday (September 13, 2019), the XBT/USD trading pair on Kraken experienced a $2,000 takeaway in both directions. 1/3 Yesterday a test of an unreleased advanced order type encountered a bug which resulted in the order’s prices being matched against the wrong side of the book. Some clients bought from the tester at $8000 and others sold at $12000 without clearing the intervening liquidity. pic.twitter.com/iG3sEPCVXS — Kraken Exchange (@krakenfx) September 14, 2019 In a Twitter thread published on Sunday (September 14, 2019), Kraken provided an explanation for the Bitcoin price anomaly. An excerpt from the tweet reads: Yesterday a test of an unreleased advanced order type encountered a bug which resulted in the order’s prices being matched against the wrong side of the book. Some clients bought from the tester at $8000 and others sold at $12000 without clearing the intervening liquidity. According to some traders, such a bug with severe…

    Sep 15, 2019
  • What Are the Main Advantages of LCG Energy Among Other Energy Projects in the Blockchain Space? » The Merkle Hash

    The year 2018 has been marked by a rapidly increasing interest in blockchain technology and its potential benefits to a wide array of different industries. The market was thriving, which allowed the overall funding acquired by blockchain projects to reach unexpected highs. In the first half of 2018 alone, close to 6B USD were acquired by blockchain startups. The average success rate of ICOs stood at almost 50%, a mind blowing number that we will never witness again in the now matured state of the ICO market.  One of the many unique perks of blockchain technology is its ability to disrupt industries plagued by inefficient or dubious practices, with the financial sector being the universal example of where blockchain could bring much needed changes. New startups across hundreds of industries were quick to spot the application of the technology to virtually every sector. The energy industry was no exception – blockchain-based projects in late 2017 and early 2018 such as WePower ($40M), RestartEnergy ($30M), EnergiToken ($15M) successfully completed their token sales by hitting their soft and / or hard caps….

    Sep 15, 2019
  • Developers of Ethereum DEX Protocol AirSwap Disclose Critical Exploit

    Ethereum (ETH) decentralized exchange protocol AirSwap’s developers announced that they have discovered a critical vulnerability in the system’s new smart contract. AirSwap’s team announced its findings and a possible solution for all potentially affected users in a Medium post published on Sept. 13. A limited vulnerability Per the release, on Sept. 12 AirSwap’s development team found a vulnerability in a new smart contract, which has already been reverted to an older version in under 24 hours after the discovery. The exploit in question could have allowed an attacker to perform a swap without requiring a signature from a counterparty under certain conditions. The scope of the vulnerability is reportedly limited: “The affected code was present in the AirSwap system for under 24 hours, and only affects some users of AirSwap Instant between midday September 11th and early morning of September 12th. We initially identified 20 vulnerable addresses matching this pattern and quickly reduced it to 10 accounts that are currently at risk.” Only nine addresses are at risk AirSwap notes that the exploitable smart contract was reverted immediately after the…

    Sep 15, 2019
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